Range Hood Market is Projected to Witness Exponential Growth by 2026

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Range Hood Market Trends Information and
Competitive Landscape Scenario to 2026

• Increasing concerns regarding food safety and
  hygiene around the world are driving the range
  hood market growth. Development of new
  restaurants and hotels in Europe and Asia Pacific
  is fueling product demand. Several restaurant
  owners are using kitchen hoods in order to follow
  food safety and restaurant hygiene guidelines put
  forth by local governments.
• Range hoods are generally installed in commercial
  and residential kitchens for the removal of
  fumes, heat, smoke, airborne grease and
  combustion products. Although the recent COVID-19
  pandemic induced lockdown have caused
  restaurants, hotels and cafes to shut down
  operations temporarily, estimates suggest that
  the range hood industry could grow substantially
  owing to the revival of the economy after the
  pandemic.

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• Given to rising significance and demand, firms
  operating in the range hood market are developing
  new products that are rigged with advanced
  features. For instance, in 2018, major electronic
  goods company, Panasonic Corporation launched its
  new and enhanced chimney type range hood having
  modern features including an electronic
  soft-touch glass panel and a smoke duct adaptor.
  With such advancements, Global Market Insights,
  Inc., estimates that the range hood market may
  record over USD 9.5 billion by 2026.

• Based on product, the range hood market is
  divided into ceiling mount, wall mount and under
  cabinet. Of these, the ceiling mount range hood
  segment is experiencing significant growth owing
  to increasing consumer inclination towards
  modular kitchens. Ceiling kitchen hoods are
  mainly made for modular kitchens with the nob or
  stove positioned in the middle of the kitchen,
  allowing multiple users to cook simultaneously.
  These hoods are available in various colors,
  shapes, materials and sizes, which is boosting
  their popularity in modern kitchens.

• In terms of application, the range hood business
  is bifurcated into residential and commercial.
  Out of these, the residential segment is
  anticipated to register the highest market share
  over the forecast period on account of the
  shifting preferences of consumers towards modern,
  advanced kitchen cleaning appliances over
  traditional cleaning systems like fans.

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• Regional Analysis

• On a regional standpoint, North America range
  hood market is witnessing increasing demand owing
  to the implementation of stringent government
  regulations on food safety and hygiene in hotels
  and restaurants.

• Competitive Analysis

• While the global range hood market consists of
  firms such as Asko Appliances, KOBE Range Hoods,
  Zephyr Ventilation, Faber S.p.A, Broan Inc.,
  Vent-A-Hood, Viking Range, LLC, Panasonic
  Corporation, Windster Hoods, CaptiveAire Systems,
  Fotile Overseas Kitchen Appliance, BSH Group,
  Samsung Electronics, Elica S.p.A, Miele, Inc.,
  and Whirlpool Corporation. These companies are
  adopting different business strategies such as
  new product development and geographical
  expansions in order to enhance their market
  position.

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